moncler sells sportswear business to the … · about moncler moncler was founded in france, in...
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Moncler S.p.A. announces that today it sold the entire business of Industries Sportswear
Company S.p.A. including the brands Marina Yachting, Henry Cotton’s, Coast Weber &
Ahaus and the licence 18CRR81 Cerruti, to Cavaliere Brands (Italia) S.r.l., a company
indirectly controlled by Emerisque Cavaliere Limited (Jersey) and advised by Emerisque
Brands UK Limited (“Emerisque Brands”).
Immediately prior to the completion of the transaction, an SPV owned by Moncler
shareholders Ruffini Partecipazioni s.r.l, ECIP M S.A (a company controlled by Eurazeo),
CEP III Participations S.à r.l. SICAR (a company controlled by the Carlyle Group) and
Goodjohn s.r.l. subscribed to a capital increase in Cavaliere Brands (Italia) S.r.l. and
acquired a 30% stake in its share capital.
As of 31 December 2012, the turnover of the Sportswear Division (owned by Industries
Sportswear Company), was equal to Euro 135 million.
Moncler was assisted in the transaction by Bank of America Merrill Lynch as financial
advisor and Latham & Watkins as legal advisor.
Emerisque Brands was assisted by Banca Imi as its financial advisor, EQUITA SIM spa as
its debt advisor, Studio Alinovi, Guiotto, Ferrari & Mattioli for the financial due diligence,
Norton Rose Fulbright Law Firm and Steptoe & Johnson LLP as legal advisors, while the
commercial due diligence was carried out by Booz & Company.
MONCLER
PRESS OFFICE VIA STENDHAL 47, 20144 MILANO +39 02 422041 MONCLER.COM
MONCLER SELLS SPORTSWEAR BUSINESS TO THE EMERISQUE FUND
Milan, 8 November 2013
Please note that Moncler adheres to the simplification procedures pursuant to articles 70, paragraph 8 and 71, paragraph 1-bis, of CONSOB Issuer Regulation n. 11971/1999, and thus avails itself of the faculty to dispense with the obligation of publishing informative documents pursuant to articles 70, paragraph 6 and 71, paragraph 1 of the above mentioned Regulation in the event of significant merger and demerger transactions or increases in capital through contributions of assets in kind, acquisitions and sales.
ABOUT MONCLER Moncler was founded in France, in Monestier de Clermont, Grenoble,
in 1952, and is currently based in Italy. Over the course of the years the brand has teamed
style with ongoing technological research which harnesses the knowledge of mountaineering
experts. The Moncler collections combine the requirements of extreme outwear with those
of everyday city life. In 2003 Remo Ruffini bought the company of which he is now
Chairman. Moncler produces and distributes directly the Moncler clothing and accessories
collections, Moncler Gamme Rouge, Moncler Gamme Bleu, Moncler Grenoble and Moncler
Enfant through directly owned boutiques and in the world’s most exclusive Department
Stores and international multi-brand outlets.
ABOUT EMERISQUE Emerisque was founded in 2004 and is a global investor geared
towards the development and growth of the companies in its portfolio. Emerisque operates
in the United Kingdom, the United States and Hong Kong with a focus on acquisitions
and investments in medium-sized companies controlling renowned western brands and
vertical retailers that have a critical mass in reference markets, but which also have the
potential to quickly establish themselves in emerging Countries and distribution channels.
The Group has specific experience in the fashion sector through its investments in
international brands. In April 2013 Emerisque acquired MCS Italia (formerly Marlboro
Classics), while in the past it has made investments in brands such as Lee Cooper,
Hickey Freeman, Hart Schaffner Marx, Bobby Jones, Jack Nicklaus, Exclusively Misook,
Christopher Blue, Palm Beach, Sansabelt and Monarchy.
MONCLER
PRESS OFFICE VIA STENDHAL 47, 20144 MILANO +39 02 422041 MONCLER.COM
Moncler Paola DuranteInvestor RelationsT +39 02 [email protected]
Cristina GnugnoliComunicazioneT +39 02 [email protected]
Image BuildingSimona Raffaelli, Emanuela BorromeoT +39 02 [email protected]
EmerisqueBarabino&PartnersFederico Steiner [email protected] Marina Riva [email protected] T +39 02 72 02 35 35M +39 347 29 75 426
Industries Sportswear Company Simona [email protected] +39 02 81 80 090
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